[Herky] Athletic Department Financials
Larry Edwards
larryed6124 at knology.net
Sat Jul 8 06:10:18 PDT 2017
As a former cost analyst, I like numbers too . Here is an article that explains why that "loss" must be taken with a grain of salt:
http://www.goiowaawesome.com/iowa-hawkeyes-football/2017/07/1521/its-not-plagiarism-if-you-link-to-it-turns-its-pockets-inside-out
----- Original Message -----
From: "Keith Voigts" <kvoigts at wisemanengine.com>
To: herky at lists.herky.net
Sent: Friday, July 7, 2017 10:56:32 PM
Subject: Re: [Herky] Athletic Department Financials
As a CPA, I love to look at the numbers. I found this.
Iowa is #20 with $113,249,000 in revenue and $116,169 in expenses, a loss of about $3,000,000.
USA TODAY released its database of NCAA Division 1 athletics spending and revenue for the 2015-16 academic year Thursday, and Alabama was ranked among the top-five schools.
The Crimson Tide’s athletic department made $164,009,745, which ranked fourth nationally and second in the SEC behind nation-leading Texas A&M. Alabama also had $145,277,366 in expenses, which ranked fourth nationally and first in the SEC.
Texas A&M brought in the most overall revenue with $194,388,450 for a second straight year, while Texas’ athletic department spent the most $171,394,287. Texas ($187,981,158) and Ohio State ($170,789,765) rounded out the top-four revenues.
The Aggies took in $75.5 million, compared to Alabama’s $29.7 million.
Of the 13 public schools in the league, 11 recorded $100 million or more of revenue. Only Missouri ($97.3 million) and Mississippi State ($94.9 million) fell below that mark in 2015-16.
The SEC accounted for six of the top-10 teams in total revenue. Below is the top 10.
1. Texas A&M -- $194,388,450
2. Texas -- $187,981,158
3. Ohio State -- $170,789,765
4. Alabama -- $164,009,745
5. Michigan -- $163,850,616
6. Oklahoma -- $150,373,216
7. LSU -- $141,651,460
8. Florida -- $141,441,109
9. Tennessee -- $140,448,955
10. Auburn -- $140,070,593
Keith Voigts
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